The Chicago Mercantile Exchange (CME), the world’s largest futures exchange, is planning to offer spot bitcoin trading on its platform, according to a Financial Times report. This move would provide major hedge funds and institutional traders with a regulated venue to trade Bitcoin. NEW: 🇺🇸 World’s largest futures exchange, CME Group is planning to launch…
Eutelsat Group (OTCPK:EUTLF) Q3 2024 Sales/ Trading Statement Call May 14, 2024 12:30 PM ET Company Participants Christophe Caudrelier – CFOJoanna Darlington – Head of Communication and IR Conference Call Participants Aleksander Peterc – BernsteinRoshan Ranjit – Deutsche BankStephane Beyazian – ODDO BHFBruno Read-Cutting – PGIMTerence Tsui – Morgan StanleyAleksander Peterc – Bernstein Operator Hello,…
Devenorr/iStock via Getty Images Introduction Receiving dividends is fun – and often necessary to retire (early). However, when it comes to chasing yield, I’m extremely careful, as I believe the higher the yield, the higher the risk there’s something fundamentally wrong with the underlying investment. That’s the so-called “sucker yield.” Companies that fall under the…
Daniel RIFFET/Photononstop via Getty Images For many years, the price of cocoa drifted in a relatively well-defined range. As late as 2020, I wrote about trading that range from my perspective as a cocoa permabull. Unfortunately, liquidity in the iPath® Bloomberg Cocoa Subindex Total Return(SM) ETN (NIB) dried up over time, and NIB was finally…
InterContinental Hotels Group PLC (NYSE:IHG) Q1 2024 Sales/ Trading Statement Call May 3, 2024 3:30 AM ET Company Participants Stuart Ford – Head, IRElie Maalouf – Group CEOMichael Glover – CFO Conference Call Participants Vicki Stern – BarclaysJamie Rollo – Morgan StanleyRichard Clarke – BernsteinMuneeba Kayani – Bank of AmericaJaina Mistry – JefferiesJarrod Castle –…
Worldline SA (OTCPK:WWLNF) Q1 2024 Sales Trading Statement Call May 2, 2024 2:00 AM ET Company Participants Gilles Grapinet – CEOGrégory Lambertie – Group CFOMarc-Henri Desportes – Deputy CEO & Head of Merchant Services Conference Call Participants Frederic Boulan – Bank of America SecuritiesMohammed Moawalla – Goldman SachsAlexandre Faure – BNP Paribas ExaneJoshua Levin –…
Spot Bitcoin exchange traded funds (ETFs) have officially gone live in Hong Kong as its stock market opens. OFFICIAL: SPOT #BITCOIN ETFS COMMENCE TRADING IN HONG KONG 🇭🇰 pic.twitter.com/yI8HsqRECf — Bitcoin Magazine (@BitcoinMagazine) April 30, 2024 The approval, eagerly awaited for months, signals a new era for the Bitcoin industry in the region. Major asset…
batuhan toker The ProShares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL) is a leveraged ETF designed to produce twice the daily return of the Bloomberg Natural Gas Subindex. I’ve written about the ProShares Ultra Bloomberg Natural Gas ETF twice in the past year, rating it a Strong Sell late last July in “BOIL: A Deeply Flawed…
Nickbeer/iStock Editorial via Getty Images Investment summary My recommendation for Watches of Switzerland Group (OTCPK:WOSGF) is a buy rating. Two major driving factors have caused the share price to fall by 70% since the recent peak, and I believe the equity value has been over-punished. I don’t believe WOSGF’s position in the distribution chain has…
champja In my last Sarepta Therapeutics (NASDAQ:SRPT) article, I discussed Sarepta’s Q3 performance and their clinical progress in Duchenne muscular dystrophy (DMD) and other rare diseases. At that time, Sarepta had recently revealed their Q3 product revenue was up 49% year-over-year, aided by ELEVIDYS, which pulled in $69.1M in its first quarter on the market….
U.S. spot bitcoin exchange-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago. JUST IN: 🇺🇸 US #Bitcoin spot ETFs trading volume surpasses $200 billion within just 3 months. Asia is next 🚀 pic.twitter.com/VxQdQJEIjN — Bitcoin Magazine (@BitcoinMagazine) April 10, 2024 According to data from The Block, the total…
designer491 The Glories of the Algo According to many sources (“Wall Street gone wild”) high frequency, algorithmic trading accounts for as much as 70% of the volume in stocks traded on the U.S. exchange. This is a primitive application of artificial intelligence. Essentially, a human being is programming a computer to be on the lookout…
Bilanol Investment Thesis The American Water Works Company, Inc. (NYSE:AWK) is the largest publicly traded water utility in the United States. The utility provides water supply and wastewater management services to customers across the country through their regulated operations as well as servicing some military facilities too. AWK remains highly profitable and benefits from what…
artisteer Overview I frequently ignored Oaktree Specialty Lending (NASDAQ:OCSL) due to the falling share price. I figured that there was no way OCSL had the ability to provide a sufficient level of total return with such a fall in share price. Since inception, the BDC (business development company) is down nearly 47% in price. However,…
MicroStockHub Article Thesis New IPO Astera Labs, Inc. (ALAB) has soared on its first trading day. AI hype seems to play a major role, and while ALAB could continue to rise in the near term, I don’t see the company as an especially attractive pick from a fundamental point of view which is why I…
JHVEPhoto/iStock Editorial via Getty Images Introduction I have a decent-sized long position in CT Real Estate Investment Trust (TSX:CRT.UN:CA) (OTC:CTRRF) as I like the Canadian REIT’s exposure to Canadian Tire (CTC.A:CA) (OTCPK:CDNAF) (OTCPK:CDNTF) which is where CT REIT was spun out off. Canadian Tire remains the REIT’s largest tenant, accounting for approximately 91% of the…
rarrarorro/iStock via Getty Images Introduction In my previous article on Erste Group (OTCPK:EBKOF), I argued that based on the Austrian bank’s dividend policy and anticipated earnings, shareholders would be able to look forward to a dividend yield of 8%. Erste Group released its results a little while ago, and I was pretty satisfied to see…
Pioneering bitcoin wallet company Oyl has secured a $3 million pre-seed investment from a variety of investors, including UTXO Management and Domo, the creator of the BRC-20 token standard. The investment marks a noteworthy shift in cryptocurrency investment trends, with several Ethereum NFT funds making their first foray into a bitcoin-centric business. Arca, which led…
tadamichi Introduction Crawford United Corporation (OTCPK:CRAWA) is a US specialty industrial products and services group that is on my stock watchlist. The company focuses on inorganic growth, and it has more than doubled its operating income since 2022. In my view, the prospects for the business are bright and Crawford United looks undervalued at the…
Miguel Alvarez/iStock via Getty Images Introduction When the interest rates on the financial markets are low a “buy and build” strategy based on M&A makes a lot of sense. That’s exactly how Nomad Foods (NYSE:NOMD), a leader in frozen meals and frozen food, operated. Of course the increasing interest rates in the past few years…
BlackRock’s spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil’s stock exchange,…
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Introduction Sometimes the best investments are the ones that don’t need a lot of attention. I last discussed Coca-Cola Consolidated (NASDAQ:COKE) in February 2022 and rated it a ‘strong buy’. The share price has performed really well in the past two years as the stock is up…
VanderWolf-Images Introduction I have been tracking Vopak (OTCPK:VOPKF) for several years now and in the summer of 2022 I thought the company had become too cheap and I liked the stock for its 5.5% dividend yield, which was pretty good for an infrastructure company back in the day. Since that article in August 2022, the…
Wasan Tita SPX Technologies (NYSE:SPXC) started 2024 with a bolt-on deal, adding to its string of dealmaking efforts in recent times. M&A efforts have stood at the foundation of a real transformation over the past five years or so, and while topline sales have not grown, the business has become a lot more profitable and…
Sean Anthony Eddy Introduction Two events have reshaped the economics of financial exchange management. First, the death of LIBOR revealed the exposure of futures exchange major markets to sudden death due to futures exchanges’ lackadaisical attitude resulting in their failure to protect the viability of the spot markets used to settle their important futures contracts….
Yuichiro Chino/Moment via Getty Images Overview The dollar is trading with a slightly heavier bias as some of its recent gains are pared. Sterling has moved back into the $1.26-$1.28 trading range that dominated since the middle of last December until the start of this week. The euro is also trading a little firmer despite…
Anton Petrus/Moment via Getty Images Xie Yijing will take over as the troubled investment bank’s head, as missing former chairman and CEO Bao Fan steps down ‘for health reasons and to spend more time with his family’ After nearly a year of uncertainty, local investment bank China Renaissance Holdings Ltd. (OTCPK:CSCHF, 1911.HK) finally seems set…
bluecinema Introduction Krones (OTCPK:KRNNF) (OTCPK:KRNTY) is a German producer of machines used in the packaging and bottling sector. Its main specialty is to produce lines for filling aluminum beverage cans, glass bottles and plastic PET bottles. As you may know, I have been bullish on the packaging sector as a whole, and I think Krones…
Bitcoin is fixing money. Thanks to Bitcoin, anyone in the world is free to transfer money over a peer-to-peer network without having to go through a financial institution. Money that cannot be censored by authorities, devalued by governments, monopolized by corporations, or stopped by borders. However, when it comes to trading, going through a trusted…
Tanja Ivanova/Moment via Getty Images I believe that the Jewett-Cameron Trading Company (NASDAQ:JCTCF) stock is currently a BUY that should be poised for a price increase over the course of the next year and beyond due to several factors. The three main major factors contributing to my buy rating include Jewett-Cameron selling off its seed…
gorodenkoff I felt a bit hesitant about publishing this article, despite being convinced weeks ago that Dassault Systèmes [DSY] (OTCPK:DASTY, OTCPK:DASTF) was a buy and still maintaining that belief today. The hesitation persisted because, during additional research on the company, its stock continued to climb significantly, potentially diminishing future returns as I wrote this analysis…
RazoomGames JBS S.A. (OTCQX:JBSAY) is the largest meatpacking company in the world. The company is the number one global processor and seller of beef and poultry and number two in pork. The company has also expanded downstream to value-added products like prepared foods, sausages, etc. In my opinion, JBS shows a history of great capital…
The promotional approach seems effective in driving sales for Trump’s latest NFT collection, limiting “one of one” ordinals to a maximum of 200 in this exclusive offer. In a recent digital collectible endeavor, Donald Trump has introduced an unconventional non-fungible token (NFT) on the Bitcoin blockchain, priced at $9,900. Distinct from typical NFTs, this latest…
The introduction of spot Bitcoin ETFs triggered a massive retracement in the overall crypto market. After just four days since the introduction of spot Bitcoin Exchange Traded Funds (ETFs), the crypto market has witnessed a substantial influx of over $2.9 billion, excluding funds tied to Grayscale Bitcoin ETF (GBTC). Top Three Bitcoin ETF Issuers Among…
peepo Transcript Greg Bonnell: The US Securities and Exchange Commission has approved the availability of 11 spot Bitcoin ETFs for trading on the US markets. Joining us now to discuss is Andres Rincon, head of ETF Sales and Strategy at TD Securities. Andres, it’s great to have you with us, as always. Interesting developments here….
Kevin Winter/Getty Images Entertainment By Andrew Prochnow Options trading has become very popular among investors in recent years, as evidenced by the recent bonanza in zero-day options (aka “0 DTE” options). The surge in options trading can be attributed in part to a recent spike in the CBOE Volatility Index (VIX). In early 2020, the…
The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live. The price of Bitcoin (BTC) swung wildly after the United States saw its first spot Bitcoin exchange-traded fund (ETF) launched. Following the news, BTC jumped past $49,000, a price not seen since December 2021. However,…
da-kuk Investment thesis Our current investment thesis is: RPD appears to be cheap exposure to the cybersecurity industry, which is currently experiencing a long-term tailwind, with mass adoption and significant innovation. RPD appears at the forefront of this, already cloud-capable with a broad integration base, with development in the areas of machine learning and behavioral…
Gradual adoption of spot Bitcoin ETFs is expected to happen through proper education to wealth managers as trading is scheduled to begin today. After a decade of regulatory uncertainty in the United States, investors can now tap on spot Bitcoin (BTC) exchange-traded funds (ETFs) as soon as trading commences today. On Wednesday, the United States…
Charles Gasparino, FOX Business Senior Correspondent, has reported that the long-anticipated Spot Bitcoin Exchange-Traded Funds (ETFs) are indeed a “done deal,” with trading slated to commence this Thursday. This confirmation from FOX Business cements earlier speculations, affirming that the final green light for Spot Bitcoin ETFs has been granted, signaling an imminent leap into the regulated investment sphere…
There has been speculation that BlackRock is looking to launch an Ether ETF after the Bitcoin one is approved and this could bring even more benefits to the industry. We are less than 2 weeks into 2024 but the crypto industry is already abuzz with activity and anticipation. The first on the agenda is the…
SimonSkafar/E+ via Getty Images Introduction I have been keeping an eye on some European cement producers, as the decreasing interest rates may spark renewed enthusiasm in the real estate and construction sector. And of course, when the war in Ukraine ends, Eastern Europe will need a lot of construction materials for the reconstruction of the…
The Binance crypto exchange had a monthly trading volume dominance of about 40 percent, representing $432 billion, despite the regulatory hurdles. Amid the ongoing spot Bitcoin exchange-traded funds (ETFs) frenzy in the United States, cryptocurrency exchanges around the world have been among the biggest beneficiaries of heightened demand for digital assets. According to detailed market…
guvendemir At the end of 2022, I wrote an article about why investors should avoid the airlines (JETS) and own AerCap (NYSE:AER) instead for exposure to the airline industry. The relative returns in 2023 validated my view: Data by YCharts The longer-term view also validates this view: Data by YCharts As you can see above,…
LeoPatrizi/E+ via Getty Images A Single-Control System with the C/C Ratio Only The “C/C” (Cash to Capital) Ratio and the “A-A” (Asset-Allocation) Decision were mutually constrained: in a short term (in a couple of months), the A-A Decision would dictate by rebalancing toward a target allocation, leaving the C/C Ratio disrupted temporarily. while, in a…
murat4art Introduction I like oil and gas, and one of the lower-risk ways to have exposure to the prices of energy commodities is by buying royalty companies. Royalty companies tend to have a reasonably high up-front cost when they acquire new royalties but that’s a sunk cost and there usually are no follow-up investments required….
Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc…
Thunder Terminal successfully thwarted a $240,000 exploit targeting 114 wallets, ensuring user funds’ security. The incident involved an attacker gaining access to a MongoDB connection URL, executing withdrawals on behalf of users. The on-chain trading platform Thunder Terminal successfully thwarted a $240,000 exploit that targeted 114 wallets on its platform, assuring users that their funds…
jimfeng Investment thesis Our current investment thesis is: MG has performed poorly but is not dead-and-buried. There is clear scope for an improvement in financial performance, particularly when considering the increase in infrastructure spending expected. There is, however, a clear execution risk that is not mitigated. For this reason, valuation is of utmost importance to…
-aniaostudio- As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk premium in this graph, which shows the zero-coupon yield curve implied by current Treasury prices compared with the annualized compounded yield…